B&G Foods Appoints Bruce C. Wacha as Executive Vice President of Corporate Strategy and Business Development

— Adds Executive with Extensive M&A, Capital Markets and Packaged Goods Industry Experience —

PARSIPPANY, N.J.--()--B&G Foods, Inc. (NYSE:BGS) announced today that it has appointed Bruce C. Wacha as Executive Vice President of Corporate Strategy and Business Development, a newly created position, effective August 21, 2017. In this role, Mr. Wacha will oversee the Company’s corporate strategy and business development, including mergers & acquisitions, capital markets transactions and investor relations and serve on the Company’s executive management team, reporting to President and Chief Executive Officer, Robert C. Cantwell.

“B&G Foods has a demonstrated track record of successfully acquiring and integrating brands. I look forward to contributing to the Company’s efforts to achieve growth through accretive acquisitions that are aligned with today’s consumer trends.”

“We are very pleased to have Bruce Wacha join our team,” said Mr. Cantwell. “M&A and capital markets transactions are vital to our growth strategy, and Bruce is an experienced and talented executive who will be a valuable addition as we continue to execute that strategy.”

Mr. Wacha joins B&G Foods from Amira Nature Foods Ltd. (NYSE: ANFI), where he spent three years as that company’s chief financial officer and executive director of the board of directors. As chief financial officer, he was responsible for corporate finance, accounting and audit functions, as well as management of the company’s U.S. and global business strategy, corporate planning and governance. Prior to joining Amira Nature Foods, Mr. Wacha spent more than 15 years in the financial services industry at Deutsche Bank Securities, Merrill Lynch and Prudential Securities, where he advised corporate clients across the food, beverage and consumer products landscape. Mr. Wacha earned a bachelor of arts and a master of business administration from Columbia University’s Columbia College and Columbia Business School.

“I am very excited to join the B&G Foods family,” said Mr. Wacha. “B&G Foods has a demonstrated track record of successfully acquiring and integrating brands. I look forward to contributing to the Company’s efforts to achieve growth through accretive acquisitions that are aligned with today’s consumer trends.”

About B&G Foods, Inc.

B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril’s, Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil, Regina, Sa-són, Sclafani, Smart Puffs, Spice Islands, Spring Tree, Sugar Twin, Tone’s, Trappey’s, TrueNorth, Underwood, Vermont Maid, Victoria, Weber and Wright’s. B&G Foods also sells and distributes Static Guard, a household product brand.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include, without limitation, statements related to B&G Foods’ objective to achieve growth through accretive acquisitions that are aligned with consumer trends. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

Investor Relations:
ICR, Inc.
Dara Dierks, 866-211-8151
or
Media Relations:
ICR, Inc.
Matt Lindberg, 203-682-8214

B&G Foods, Inc.